May 25, 2007
Beneficial Sponsors National Constitution Center Exhibit
Beneficial Savings Bank will serve as the local presenting sponsor of the National Constitution Center'™s summer exhibition, Eyewitness: American Originals from the National Archives, on display from May 25 through September 3, 2007.
"Beneficial is excited and honored to serve as local sponsor of this truly inspiring exhibition," said Beneficial President and CEO Gerry Cuddy. "We look forward to a rewarding partnership with the National Constitution Center and encourage everyone to make this exhibition a destination stop this summer."
From May 25 through September 3, 2007 the National Constitution Center will host Eyewitness: American Originals from the National Archives. The exhibition presents first-hand accounts of watershed events in American history. Through letters, diaries, photographs, and audio and film recordings from the National Archives and its Presidential libraries, visitors to the Eyewitness exhibition will gain new and unique insights into well-known occurrences.
"We are thrilled that Beneficial Savings Bank is a sponsor of this remarkable exhibition," said National Constitution Center President and CEO Joseph M. Torsella. "We are grateful for their support and look forward to working with them in this endeavor."
Founded in 1853, Beneficial Savings Bank is the oldest and largest bank headquartered in Philadelphia. Currently the bank has 41 offices in the greater Philadelphia region and more than $2.4 billion in assets. On October 13, 2006, Beneficial Mutual Bancorp, Inc., the bank's parent, announced its intention to conduct a minority stock offering and that it had signed a definitive agreement to acquire FMS Financial Corporation ("FMS"), the parent company of Farmers & Mechanics Bank in Burlington, New Jersey. The minority stock offering began on May 18, 2007 and will terminate on June 11, 2007. Beneficial expects its acquisition of FMS to be completed in July 2007.